Remember you don't have to own a property to control it.

That alone cost us almost a week as our plan was to submit on a Friday.By being on site daily and while the subs are there, we will better be able to control cleanliness and scope of work.

This way, you "control everything and own nothing".

Remember you don't have to own a property to control it.Download BP’s newest book here some good due diligence in Chapter 10.

Remember you don't have to own a property to control it.

I've met some folks along the way who are making it work and it can most definitely be a successful venture. 

Did we learn anything, yes but alot of half-truths too.Came home and created a Nevada S-Corp and put an LLC under it, assuming we would go national.Property bought was in Calif, so more expense to Foreign File both entities.Started looking into creating my own Property Mgmt (PM) business to control out-of-state holdings.Then I learned:PM requires a broker's license or to be under his control almost everywhereThat stopped National expansionwhich then made the S-Corp and LLC unnecessary (to me; I accepted personal risk)Did get good liability insurance and suggest an extra Umbrella policy if you're going to buy&hold (aka become a landlord).

Good luck in all your REI ventures.

Your team will come once you have the ability to Control Real Estate at a potential profit.When you call a Title Company, they will say "I'd love to settle your properties, CALL ME WHEN YOU HAVE A DEAL!

Luckily BP was able to stop things on their end before they got out of control.... but my blog had to be shut down and any of my online accounts deleted.Reporting posts with my information and emails to their support staff went unanswered and my information was online for days before I finally got it down.